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Godfrey Corporation just paid a dividend of $2.60 a share (that is, D 0 = $2.60). The dividend is expected to grow 8 percent a
Godfrey Corporation just paid a dividend of $2.60 a share (that is, D 0 = $2.60). The dividend is expected to grow 8 percent a year for the next 4 years and then at 5 percent a year thereafter. What is D 6, the expected dividend per share for Year 6?
| a. | $4.74 | |
| b. | $4.13 | |
| c. | $3.48 | |
| d. | $3.69 | |
| e. | $3.90 |
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